Who is Meng Wanzhou, the Huawei CFO arrested in Vancouver?

Posted - December 08 201814:55

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Who is Meng Wanzhou, the Huawei CFO arrested in Vancouver?

This is also believed to have helped Huawei "circumvent U.S. sanctions by telling financial institutions that a Huawei subsidiary was a separate company". He said it was a positive sign that China was willing to discuss core issues related to intellectual property theft, forced technology transfers and computer hacking of USA companies.

But informal conversations among attendees soon turned to possible risks in China prompted by the arrest of Meng Wanzhou, the chief financial officer and "heiress" of Chinese telecom network equipment giant Huawei Technologies Co Ltd, who was detained in Canada on December 1.

"This is one of the U.S.'s many tactics and tools used in its trade war with China to maximize its gains". With Washington's previous allegations that Huawei has direct links to the Chinese government, it's not a big stretch to assume Meng's case is another trade war offensive, perhaps a hostage-taking.

Huawei is the most prestigious tech company in China and was founded by Meng's father, Ren Zhengfei.

"The Chinese government should seriously mull over the USA tendency to abuse legal procedures to suppress China's high-tech enterprises", said the nationalist tabloid Global Times in an editorial.

"China talks", said Philip Levy, senior fellow at the Chicago Council on Global Affairs and an economic adviser in President George W. Bush's White House.

Professor Francis Lui Ting-ming, adjunct professor at the Hong Kong University of Science and Technology, believed the USA was aiming to deal a blow to Huawei with Meng's arrest, because the company's 5G technology, which he described as cheaper and better quality, posed a great threat to the American innovation sector.

Earlier this week, Britain's BT Group announced that it was removing Huawei Technologies equipment from 3G and 4G networks as well as banning it from core parts of the coming 5G network.

It is alleged the 46-year-old used Hong Kong company Skycom to access the Iranian market in deals that violated USA sanctions.

The hearing was to present arguments for and against releasing Ms Meng while her case proceeds.

Her appearance at the British Columbia Supreme Court in Vancouver is a prelude to an extradition process that could take months. Justice William Ehrcke said he would think about proposed bail conditions over the weekend.

The U.S. charges that China is using predatory tactics in its drive to overtake America's dominance in technology and global economic leadership.

Washington also regards Beijing's ambitious long-term development plan, "Made in China 2025", as a scheme to dominate such fields as robotics and electric vehicles by unfairly subsidizing Chinese companies and discriminating against foreign competitors. Congress issued a report concluding that "Huawei did not fully cooperate with the investigation and was unwilling to explain its relationship with the Chinese government or Chinese Communist Party, while credible evidence exists that it fails to comply with US laws".

"The threat from these companies lies in their access to critical internet backbone infrastructure", she said.

Meng, the chief financial officer of Huawei, was arrested Saturday while in transit at Vancouver's airport. The company has said it complies with all applicable export control and sanctions laws and other regulations. However, the entity to which Skycom was sold was also controlled by Huawei until at least 2014, Gibb-Carsley alleged. ZTE agreed to pay a $1 billion fine, change its board and management and let American regulators monitor its operations.

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